The VN-Index fell on July 20 to its lowest level in two months, plunging 3.68 percent to 412.88, a loss of 15.79 points.

Decliners outnumbered advancers by 151 to 14 on the HCM Stock Exchange as volume fell 4.8 percent from July 17’s value to about 903 billion VND (50.7 million USD), on a volume of 26.78 million shares.

Sacombank (STB) continued to hot its place as the most-active share, with 6.2 million shares changing hands, accounting for 21.82 percent of total market volume.

The “big three” of banking and financial shares, Vietcombank (VCB), Vietinbank(CTG) and Bao Viet Holdings (BVH), all disappointed investor hopes that they might be relied on to buoy the market, with all their shares now trading at well below their initial listing prices and their listings were blamed for weighing on market demand that has already been stretched thin.

On the Hanoi Stock Exchange on July 20, the HNX-Index saw a second straight day of declines, losing 3.9 percent to close at 138.55.

The northern market saw a turnover of only 353.3 trillion VND (19.8 million USD), a decrease of 2.13 percent from July 17’s value, on a volume of 11.74 million shares. Asia Commercial Bank led the northern market with 2.4 million shares traded.

On the unlisted public companies market, the UPCoM-Index on July 20 dropped 2.18 percent to 70.89 points, a half of the 10 listed firms posted modest gains. Volume was still low, however, at 179,372, worth a combined 2.4 billion VND (134,831 USD)./.